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Mar 18, 2013
03/13
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there would be a 3% tax for deposits under $100 thousand euros, and a 10% tax and 15% tax for amounts larger than 500,000 euros, country central bank declaring a holiday until thursday, when they vote on the plan, this is sparking investor fears at home, joining me now lance roberts, host of street talk live, and xena. partner and cfa, welcome all, great to have you here, lance, i'll start with you, i have to assume some wealthy individuals are having questions about safety of their money, have you gotten any calls, are you expecting any? >> i'm not expecting any but i would not be surprised to see people talk more about this in next few days it is very late tonight anyway it looks like they will preserve the under $100 thousand mark and go after larger deposits, but the question, here in u.s., could it happen here? probably not. but the question is, ha hasn't t already happen with standpoint feds suppressing interest rates, that is the rate less than inflation, negative interest rate it has already happened here. gerri: let's go to xena for a second, a lot of people out there think t
there would be a 3% tax for deposits under $100 thousand euros, and a 10% tax and 15% tax for amounts larger than 500,000 euros, country central bank declaring a holiday until thursday, when they vote on the plan, this is sparking investor fears at home, joining me now lance roberts, host of street talk live, and xena. partner and cfa, welcome all, great to have you here, lance, i'll start with you, i have to assume some wealthy individuals are having questions about safety of their money, have...
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Mar 23, 2013
03/13
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FBC
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, you are paying thi tax. this is just another thing for the little guy who's trying to get by. >> would make a fference if someone shot on amazon? two you you're getting away with something by getting it online. you tax the things you want to discourage. at a time when the economy is struggling? >> i agree 100% with you. there is no creativity at all. >> i like the show even more all the time. [laughter] neil: thank you, guys. thank you very much. in the meantime, what is jimmy fallon getting that has a guy named mtch saying my goodness alec, for this mission i uraded your smart phone. ♪ right. but the most important feature of all is... the capital one purchase eraser. i can redeem the double miles i earned with my venture card to erase recent travel purchases. d with a few clicks, this mission never happened. uh, what's this button do? [ electricity zaps ] ♪ you requested backup? yes. yes i did. what's in your wallet? ♪ [ male announcer ] how do you engineer a true automotive breakthrough? ♪ you giv
, you are paying thi tax. this is just another thing for the little guy who's trying to get by. >> would make a fference if someone shot on amazon? two you you're getting away with something by getting it online. you tax the things you want to discourage. at a time when the economy is struggling? >> i agree 100% with you. there is no creativity at all. >> i like the show even more all the time. [laughter] neil: thank you, guys. thank you very much. in the meantime, what is...
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Mar 23, 2013
03/13
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FBC
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, you are paying this tax. this is just another thing for the little guy who's trying to get by. >> would make a difference if someone shot on amazon? two you you're getting away with something by getting it online. you tax the things you want to discourage. at a time when the economy is struggling? >> i agree 100% with you. there is no creativity at all. >> i like the show even more all the time. [laughter] neil: thank you, guys. thank you very much. in the meantime, what is jimmy fallon getting that has a guy named mitch saying my goodness the husqvarna all-wheel-drive mower is here. engineered with a unique drive system and dual transmission. all-wheel traction. all-wheel power. all done. only from husqvarna. challenge the impossible. all your imptant legal matters in just minutes. protect youramily... and launch your dreams. at legalzoom.com we put the law on your side. got you ! you cannot escape the rebel forces ! ahhh. got you ! got ya ! gotcha ! got ya. that's all you got, brother ? take that. never hav
, you are paying this tax. this is just another thing for the little guy who's trying to get by. >> would make a difference if someone shot on amazon? two you you're getting away with something by getting it online. you tax the things you want to discourage. at a time when the economy is struggling? >> i agree 100% with you. there is no creativity at all. >> i like the show even more all the time. [laughter] neil: thank you, guys. thank you very much. in the meantime, what is...
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Mar 18, 2013
03/13
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FBC
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-- imposing taxes. in illinois requiring the strip club operators to impose a $3 charge for their customers. the tax is expected to raise a million dollars annually. texas has also got eight vice tax. it is a little different. a little bigger deal in texas. $5. they are getting just about ten times as much revenue as a state of illinois. nevada, the only state in the country to allow any form of prostitution to illegally. it does not collect the tax. but if it did it will reportedly earn nearly $150 million for the state in nevada. regardless of whether not you think the taxes are good or bad public policy, there is no denying that device is generating an enormous amount of what government seems to like most, revenue. the nra proposal to keep our kids safe in school is still the best solution. the "a-team" on where are the other leaders. the billionaire mayor wants to ban guns. styrofoam cups, smoking. but he won't ban pot holes and poverty. why not? damaging testimony today in the case of two ohio
-- imposing taxes. in illinois requiring the strip club operators to impose a $3 charge for their customers. the tax is expected to raise a million dollars annually. texas has also got eight vice tax. it is a little different. a little bigger deal in texas. $5. they are getting just about ten times as much revenue as a state of illinois. nevada, the only state in the country to allow any form of prostitution to illegally. it does not collect the tax. but if it did it will reportedly earn...
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Mar 20, 2013
03/13
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FBC
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for school superintendents funded by your taxes. a fox investigation finds school superintendents are not just among the highest paid government workers in the country, but they increasingly get six figure pay and half million range, and it's ten times what teachers get. we found in a dozen states, school school superintendents paid more than what governors are paid to run the state including new york, new jersey, california, ohio, illinois, and washington state. we also found that four out of ten new york school superintendents get 200,000 annually, more than the pay for the governor quo moe and more than the average of 162,000. two school superintendents in new york made half a million bucks overseeing seven schools each. the governor joked about that. you know, i'd apply for that job, and now, gerri, there's little oversight of school superintendents' pay, and they are calling themselves ceos. in fact, schools now routinely use corporate pay models for school superintendents' pay getting free cars, free cell phones, money for col
for school superintendents funded by your taxes. a fox investigation finds school superintendents are not just among the highest paid government workers in the country, but they increasingly get six figure pay and half million range, and it's ten times what teachers get. we found in a dozen states, school school superintendents paid more than what governors are paid to run the state including new york, new jersey, california, ohio, illinois, and washington state. we also found that four out of...
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Mar 22, 2013
03/13
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FBC
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the law undreamt line of what was supposed to be a tax piece. it restores many of the cruel automatic spending cuts. all is missing is a line like thank god for the democrats. then it was also considered a cheese head. it starts out fair and factual enough. under the rhine plan, the government subsidizes it. the only famous unnamed critics who say all of this would mean ever shocking. he is heartless and soulless and probably the double in pinstripes. it is one thing when they say it was all but a sham. it is another thing for them to prove that it is an even bigger sham. they are darn near inbred watching politicians who continue to say that we don't have a spending problem. and one that is only trying slow down the growth of the spending. fair and balanced. try over and out. dick armey says that he is over the top of the house of representatives. i am not saying give republicans a pass. i am saying to treat them equally and with the same ferocity. and i do not. >> thing that is most frightening about what you just read is that this has become
the law undreamt line of what was supposed to be a tax piece. it restores many of the cruel automatic spending cuts. all is missing is a line like thank god for the democrats. then it was also considered a cheese head. it starts out fair and factual enough. under the rhine plan, the government subsidizes it. the only famous unnamed critics who say all of this would mean ever shocking. he is heartless and soulless and probably the double in pinstripes. it is one thing when they say it was all...
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Mar 21, 2013
03/13
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MSNBCW
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. with tasty grilled flavor and goodness to savor ♪ ♪ friskies grillers blend. ♪ feed the senses. all your important legal matters in just minutes. protect your family... and launch your dreams. at legalzoom.com we put the law on your side. and launch your dreams. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. ♪ pop goes the world [ female announcer ] pop i
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. with tasty grilled flavor and goodness to savor ♪ ♪ friskies grillers blend. ♪ feed the senses. all your important legal matters in just minutes. protect your...
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Mar 22, 2013
03/13
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FBC
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john: but they pay taxes and don't collect welfare. >> the cost of illegal immigration last year was $113 billion in spee areas of health care, education and incarceration. john: you don't include the cost of paying taxes and starting google. >> here we are with libertarians the focal point* is limited government chaldean rejected thinking and be careful what you ask for the new push for an -- amnesty because the overwhelming majority is %-dependent. government john: how many are not from the united states? how many would like to be citizens sunday? just a couple. >> we all succeed when they succeed. do we want a skilled immigration yes we need less but it should be skilled. john: that is just half of a @%rcent. >> the city of dallas year after year with. if you have more enforcement which is nonexistent. >> they allow me to go to work every single day. john: on that note we are out of time. bob dane and veronique de rugy thank you. drinking and drugs coming up. [applause] but the founder of wholefoods is your next. gotcha ! got you ! you cannot escape the rebel forces ! ahhh. got yo
john: but they pay taxes and don't collect welfare. >> the cost of illegal immigration last year was $113 billion in spee areas of health care, education and incarceration. john: you don't include the cost of paying taxes and starting google. >> here we are with libertarians the focal point* is limited government chaldean rejected thinking and be careful what you ask for the new push for an -- amnesty because the overwhelming majority is %-dependent. government john: how many are...
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Mar 21, 2013
03/13
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FBC
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room tax. we call it the accommodations tax, but, potentially, the numbers are twice as big. the on line travel companies have wanted the trial court on that issue, but both the state and the online travel companies are going to be appealing the trial court's decision so we don't know how either of the outcomes will look, but right now, at least, there's a $230 million bill that's about to be sent to the on line travel company. tracy: like amazon story where they couldn't -- no one could call their main office, so to speak,,home, so no one knew where to charge tax. they come down on amazon too. it's no surprise they are coming county on this, are we? >> it's no surprise at all, and especially in this situation. you got an industry that didn't really exist when the taxing statutes were enacted, and so the taxing statutes have terms like travel agency, and that doesn't really fit and hotel operators doesn't fit so you got a taxing statute that has not really kept up with the development of techno
room tax. we call it the accommodations tax, but, potentially, the numbers are twice as big. the on line travel companies have wanted the trial court on that issue, but both the state and the online travel companies are going to be appealing the trial court's decision so we don't know how either of the outcomes will look, but right now, at least, there's a $230 million bill that's about to be sent to the on line travel company. tracy: like amazon story where they couldn't -- no one could call...
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Mar 22, 2013
03/13
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FBC
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they take after-tax dollars from you, and then you get a tax-free when you get the benefits. well starting 20 some odd years ago they changed at that. that a lot of people, millions of people pay tax on social security benefits. they broke the original deal. the government changes rules all the time. how about inflation? the federal reserve wants 2 1/2% inflation. that is equivalent of 2.5% tax lowering your income. >> they just raised it a half percent to 2 1/2%. >> so what that means is, your real income goes down. so, especially lower income people get of the shafted because they pay more for food and fuel and electricity. and so their incomes go down. that is supposed to stimulate the economy. the fed can do it without legislation. david: when you think of all the different ways which this administration, obama administration is almost transfixed by the european model, whether it is in health care, obamacare, whether it is in the vast increase in the social welfare state, i'm just wondering if they now are looking to europe as a model for what to do with us? now we haven'
they take after-tax dollars from you, and then you get a tax-free when you get the benefits. well starting 20 some odd years ago they changed at that. that a lot of people, millions of people pay tax on social security benefits. they broke the original deal. the government changes rules all the time. how about inflation? the federal reserve wants 2 1/2% inflation. that is equivalent of 2.5% tax lowering your income. >> they just raised it a half percent to 2 1/2%. >> so what that...
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Mar 18, 2013
03/13
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40% of all individuals tax returns. it is a hugely popular deduction for money i mayans of homeownery year. it could be changing in a big way which might have a big impact on the housing industry. he was more details on what you need to know is former fannie mae executive vice president institute fellow. welcome to the show. this is having a huge impact on housing industry, wouldn't it? >> of it were done right, and wouldn't have a huge impact, to be a beneficial. this deduction is outlived usefulness. literally 100 years, so the value of it has declined and declined and declined year-over-year. use the money that you saved to reduce marginal impact bracket which would be positive. melissa: the devil is in that last detail you mentioned, what we really use eliminating it to lower marginal rates or would it be another thing that is sucked out to pay higher taxes. let's talk about how their talk about doing it in with the best way to do it would be, it wouldn't be so destructive to the market. the deduction is up $2 milli
40% of all individuals tax returns. it is a hugely popular deduction for money i mayans of homeownery year. it could be changing in a big way which might have a big impact on the housing industry. he was more details on what you need to know is former fannie mae executive vice president institute fellow. welcome to the show. this is having a huge impact on housing industry, wouldn't it? >> of it were done right, and wouldn't have a huge impact, to be a beneficial. this deduction is...
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Mar 19, 2013
03/13
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FOXNEWSW
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this is a big deal. >> neil: this was an asset tax. something to which we're not immune here because with the healthcare law, there's the medicare hsu tax on selling real estate and x amount. so we already have that built in. so the -- i'm not saying the next stop is the depositor tox but we do have asset tax. >> absolutely there has been talk about the consumer financial protection bureau taking control and oversight of 401k accounts so they can make sure people aren't being ripped off. if you undermine the whole idea of savings, we already have a nationy we're not saving enough for retirement. all we need to do is undermine our financial system as well and it's just disaster on the way. >> neil: i'm not happy. if you don't watch fox business, she's going to come with her best-selling book and force you to read it. >> a fox news alert. the white house easter egg roll is not at risk. why there is an excess warning we're all about to get scrambled most people think that after an accident, you'll have to pay five hundred bucks for your d
this is a big deal. >> neil: this was an asset tax. something to which we're not immune here because with the healthcare law, there's the medicare hsu tax on selling real estate and x amount. so we already have that built in. so the -- i'm not saying the next stop is the depositor tox but we do have asset tax. >> absolutely there has been talk about the consumer financial protection bureau taking control and oversight of 401k accounts so they can make sure people aren't being ripped...
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Mar 25, 2013
03/13
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they talked about a 6% or 7%, 10% tax in cypress. i think inflation is going to take much more than 10% of the purchasing power out of bank accounts all around the orld, not just in rope, but here in the united states. i think that's why a lot of savers are pulling their money out of banks, buying stocks, buying real estate. they are buying precious metals because more people realize that if they hold on to t currency and leave it in the bank, it is going to lose a lot of value. shibani: right. talk about the united states, and what we did not see today, peter, was a market reaction to this because there's a belief, well, on the one hand, things are going to get resolvedded in cypress. on the other hd, we are the best of the worst markets that are out tere. you know, at what point could that turn on us because that -- that scenario can't survive forever. >> well, we're to the closeo being the best of the worst. i think weir -- we might be the worst of the worst. it's just that a lot of people have not figued that out yet. we still ha
they talked about a 6% or 7%, 10% tax in cypress. i think inflation is going to take much more than 10% of the purchasing power out of bank accounts all around the orld, not just in rope, but here in the united states. i think that's why a lot of savers are pulling their money out of banks, buying stocks, buying real estate. they are buying precious metals because more people realize that if they hold on to t currency and leave it in the bank, it is going to lose a lot of value. shibani: right....
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Mar 21, 2013
03/13
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with the obamacare tax on housing that is a confiscation, confiscatory tax on assets. which is taxing income already been taxed once. people are saying we already do this. what do you think? >> first of all, i couldn't agree more. that's why i voted against obamacare and voted 30 times to repeal it. it is outrageous. i will say this. in this case congress did vote to do this they did pass obamacare. the president signed it. the supreme court declared it constitutional. those are all things i disagree with. they were done within the framework of the law. in this case congress would have acted ahead of time and made it apparent we don't favor anything like this. i think it is a little bit different. melissa: are you worried, are there internal conversations what is going on in cyprus and any spillover you might see around the world? any ensuing global slowdown because just a few hours ago they said they were cutting in half the amount of money that people can take out of the atms. they have had the banks closed for days. they are not reopening them, they say, until next
with the obamacare tax on housing that is a confiscation, confiscatory tax on assets. which is taxing income already been taxed once. people are saying we already do this. what do you think? >> first of all, i couldn't agree more. that's why i voted against obamacare and voted 30 times to repeal it. it is outrageous. i will say this. in this case congress did vote to do this they did pass obamacare. the president signed it. the supreme court declared it constitutional. those are all...
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Mar 22, 2013
03/13
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twenty-one new taxes. twenty-one new taxes that will amount to $675 billion. this is getting expensive. among the most controversial, 2.6% tax. another $43,000. house republicans voted last summer to repeal this that they had installed it in th senate. senator orrihatch renew the effort today. he introduced a bipartisan amendment with nine democratic cosponsors to roll back that medical vice attacks. so what about presidentspromised to cut health care insurance premiums? $2500 per family. one study commission that obamacare will increase the cost of a family plan by $7200. do any of you remember the original statement by the president and his team? this is a plus. but it would cut it by $2500. in government terms, it is a $10,000 swin. so how do the officials feel about those rising premiums? well, here you are. >> why have the rates risen,and will be they rise furer? >> i think that what we are seeing is pretty good news. i used to watch this day in and day out. we have seen far feral or increases in the last few years than in the previous decade. >> i donot
twenty-one new taxes. twenty-one new taxes that will amount to $675 billion. this is getting expensive. among the most controversial, 2.6% tax. another $43,000. house republicans voted last summer to repeal this that they had installed it in th senate. senator orrihatch renew the effort today. he introduced a bipartisan amendment with nine democratic cosponsors to roll back that medical vice attacks. so what about presidentspromised to cut health care insurance premiums? $2500 per family. one...
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Mar 23, 2013
03/13
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no sense that we can reform the tax system and entitlements. perform defense and have a ratial rational and reasonable defense. >> why in the world is the president of the united states not moving forward with a budget that would be a blueprint to resolving those proposals? >> the words that seem to be operative here are cowardice or oppounism. it has to be one of the two. >> to do the wrong thing continually is not the act of a coward. lou: are you saying that the president is incapable of doing the right thing? >>'m comparing how talented this man is. >> why doesn't he apply that? >> you know, that turns out to be laughable. the odds ar empirically before him. you know, that is just unreasonable. >> there is another word we are leaving out, which is ideology. the republicans are rightly not going to agree with that. >> i think that when the senate passes bill, you hammer things out. the one you want regular order. >> that is right. lou: all right, my goodness. i do want you to chat with me about the balanced budget. he does it in five years.
no sense that we can reform the tax system and entitlements. perform defense and have a ratial rational and reasonable defense. >> why in the world is the president of the united states not moving forward with a budget that would be a blueprint to resolving those proposals? >> the words that seem to be operative here are cowardice or oppounism. it has to be one of the two. >> to do the wrong thing continually is not the act of a coward. lou: are you saying that the president...
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Mar 24, 2013
03/13
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CNNW
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what about taxes around the world. do people move from high tax to low-tax areas? the data is more difficult to gleam there. i couldn't help but wonder as i watched him show off his new passport in the russian republic, he would need to spend six months of the year in russia to qualify for its 13% tax rate. to do that, he would have to deal with russia's frigid winters and deal with a culture that is not always friendly to foreigners trade french food for russian food and, most importantly, he'd have to give up what is surely one of life's greatest treasures, living in paris. i don't think i'd make the trade. >>> we'll be right back. up next is america being left behind by the rest of the world in the space race? neil neil degrasse tyson explains. come on, nowadays lots of people go by themselves. no they don't. hey son. have fun tonight. ♪ ♪ back against the wall ♪ ain't nothin to me ♪ ain't nothin to me [ crowd murmurs ] hey! ♪ [ howls ] ♪ even in stupid loud places. to prove it, we set up our call center right here... [ chirp ] all good? [ chirp ] ge
what about taxes around the world. do people move from high tax to low-tax areas? the data is more difficult to gleam there. i couldn't help but wonder as i watched him show off his new passport in the russian republic, he would need to spend six months of the year in russia to qualify for its 13% tax rate. to do that, he would have to deal with russia's frigid winters and deal with a culture that is not always friendly to foreigners trade french food for russian food and, most importantly,...
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Mar 18, 2013
03/13
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FBC
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the liquor industry pays $6 billion per year federal taxes. the sex industry could do the same thing. there will still come. the bunny ranch is world famous. when you have a television show that has been on 11 years on hbo you get pretty famous. gerri: welcome back to "the willis report" live from atlantic city. we are talking the business of vice today. if you are looking to put your hand in gaming stocks in the we have you covered for some of the hottest picks out there. managing director joins me now. thank you for being with us. you're one of the smartest mines read comes to investing in the stocks. i want to start here with atlantic city produce say it is hard to play. >> if you look from a public equity standpoint there is very little exposure. the earnings from caesars, the it's an earnings. otherwise the main gaming companies just don't have a lot of investment, so it is not release an earnings driver for them. gerri: so let's talk about vegas because i think you find that an easier way to get into the marketplace. vegas is still suffe
the liquor industry pays $6 billion per year federal taxes. the sex industry could do the same thing. there will still come. the bunny ranch is world famous. when you have a television show that has been on 11 years on hbo you get pretty famous. gerri: welcome back to "the willis report" live from atlantic city. we are talking the business of vice today. if you are looking to put your hand in gaming stocks in the we have you covered for some of the hottest picks out there. managing...
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Mar 21, 2013
03/13
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FBC
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there's no income tax, no estate tax, but a lot of peep don't like the heat. i'm just saying, you know, maybe people are looking at this wilbur saying there's a lot of high tax states. california is one of them. new york is one of them. tristate, new york city, new jersey, connecticut area, all high tax states. where do we go? that's what politicians count on. >> my guess is he'll be in the sense to bring in more tax than he will lose. i don't think you're going to have vast outbound migration, but i think the question is, did you break safe with the business community when you promise them the temporary tax, people sported it. i don't know very few people in the business community opposed it the first time because we thought, well, he's doing a good job. he's trying to fix it a lot of things in the state budget. if he needs the temporary cover, give it to him, but now to extend it, that reminds me that federal income tax was supposed to be a temporary tax to pay for world world war i, limited to pay for world war i. neil: you're right. stayed on, didn't it? >
there's no income tax, no estate tax, but a lot of peep don't like the heat. i'm just saying, you know, maybe people are looking at this wilbur saying there's a lot of high tax states. california is one of them. new york is one of them. tristate, new york city, new jersey, connecticut area, all high tax states. where do we go? that's what politicians count on. >> my guess is he'll be in the sense to bring in more tax than he will lose. i don't think you're going to have vast outbound...
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90
Mar 22, 2013
03/13
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eye 90
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when you raise taxes, people will not smoke. they will not pay the taxes. as a trade, you can make some money. jon corzine rolled the dice with short term, i it was italian bonds and spanish bonds. his dad turned out money good. people lost confidence in his ability to make money. at some point, though, this is what the smart money is doing. at some point, it is buying bonds coming out of greece. buying on pennies on the dollar. they are making some cash out of it. charlie: it is a risk. melissa: charlie gasparino, thank you very much. >> a marathon session in the senate today. melissa: the companies new blackberry hitting store shelves today. >> putting the madness in march madness. pulling off the first major upset of the ncaa tournament. melissa is excited. melissa: i am. >> do we need to tell you who won that game? melissa: no. ♪ how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot ke
when you raise taxes, people will not smoke. they will not pay the taxes. as a trade, you can make some money. jon corzine rolled the dice with short term, i it was italian bonds and spanish bonds. his dad turned out money good. people lost confidence in his ability to make money. at some point, though, this is what the smart money is doing. at some point, it is buying bonds coming out of greece. buying on pennies on the dollar. they are making some cash out of it. charlie: it is a risk....
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Mar 20, 2013
03/13
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FBC
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eye 50
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this is just a new tax law. a court ruling that overturned this tax credit in the law, but instead of moving forward now with that new law in place, california state government decides to go back to try to reach the taxes from business owners who had no idea they had this liabilitiy, that is a first problem. the second problem, is this the new trend in state taxes? will we start seeing the cash strapped states pick up on this. and they will weed taxpayers in the fiscal year but from before as well. neil: craig, this is a concern. if others get a cue from this watch out. >> california is a trendsetter. as a small business owner, my other friends who are small business owners we've been hit with 5 to over 100,000-dollars in fourth quarter of last year in retro active tax, that is job, and investment money and a downer on christmas. now a new one that bureaucrats at franchise tax board are making a decision, it is politicians that are out of control, california is worst with highest tax state, the highest sales tax
this is just a new tax law. a court ruling that overturned this tax credit in the law, but instead of moving forward now with that new law in place, california state government decides to go back to try to reach the taxes from business owners who had no idea they had this liabilitiy, that is a first problem. the second problem, is this the new trend in state taxes? will we start seeing the cash strapped states pick up on this. and they will weed taxpayers in the fiscal year but from before as...
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Mar 19, 2013
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twhos depositests less than 100,000 euros could be spared the new bill taxes. >>> and u.s. investors get another check on the housing sector with new construction permits due later today. >>> reuters is now telling us that cyprus has reviewed a draft cypriot bill. it includes a levy spares thog those accounts of less than 20,000 euros from a tax in cypress. it would levy 6.5% on those between 20,000 and the 120,000 euros. it's waiting to see whether there would be additional levies on the counts of above 250,000 euros. i'm not sure if the math adds up to what cyprus needs to contribute so it would agree with european lenders. what's interesting about this is 6.75%, again, roughly consistent with what we were hearing prior to the fact that the international community wanted smaller deposit holders to be spared. those under 20,000 euros would be. but those between 120,000 paying 6.75% and crucially we know cypress didn't want this double digit tax increase on bigger accounts, this would keep the levy at 9.9% for deposits above 100,000 euros. potentially some pressure from the
twhos depositests less than 100,000 euros could be spared the new bill taxes. >>> and u.s. investors get another check on the housing sector with new construction permits due later today. >>> reuters is now telling us that cyprus has reviewed a draft cypriot bill. it includes a levy spares thog those accounts of less than 20,000 euros from a tax in cypress. it would levy 6.5% on those between 20,000 and the 120,000 euros. it's waiting to see whether there would be additional...
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Mar 19, 2013
03/13
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you know, there are the taxes on assets, tax that are on insurance companies that are getting passed to consumer and you know maybe down the line there will be questionable taxes on savings accounts. you never know what the united states will do. neil: all i know, they are a heck of a lot more ways to be create testify get money than spending, very good points thank you, mike rigs in washington. >> to mike a point, the problem with small nation going after its citizens bank deposits, other bigger nations see how it goes, and markets world over fear all far it goes, which could explain why so many markets were tajin oing tankings thing. joe perry. and -- joe, what do you think? >> i think it is jjst as you said, this has been going on, for a while. and the bigger government gets, the more intrusive it gets it has been in your pockets, my pockets, my banks pockets by depositors pockets, large and small. what is happening now, like a story we use in banking called boiling a frog, you want to bl a frog, if you put him in boiling water he will jump o and complaint, this is what is happeni
you know, there are the taxes on assets, tax that are on insurance companies that are getting passed to consumer and you know maybe down the line there will be questionable taxes on savings accounts. you never know what the united states will do. neil: all i know, they are a heck of a lot more ways to be create testify get money than spending, very good points thank you, mike rigs in washington. >> to mike a point, the problem with small nation going after its citizens bank deposits,...
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Mar 20, 2013
03/13
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many investors still concerned about the eu bailout and the cyprus rejection of the eu mandated tax on the small depositors. news that the housing sector is stronger than expected helping to overcome some of the markets and today. the dow up about four points. the s&p fell to the sameumber, the nasdaq down almost nine. big board volume today picking up. gold moving higher, up 670, closing at 161130. crude oil dropping a dollar 58 to 9216 per barrel. the bond market and interest rates falling. the ten year treasury just under 2%. federal reserve policymakers beginning their 2-day meeting. my next guest said the fed will has been substantial, don't expect changes anytime soon. that should be music to the ears of most investors. joing us, former federal reserve vice chair princeton economist alan blinder and the author of the book after the music stops. great to have you with us. >> nice to be here. lou: let's start with cypress. this little place, million folks. they're creating quite a mess. $400 billion lt of global markets yesterday. we should blame -- >> multiple of the gdp. i actual
many investors still concerned about the eu bailout and the cyprus rejection of the eu mandated tax on the small depositors. news that the housing sector is stronger than expected helping to overcome some of the markets and today. the dow up about four points. the s&p fell to the sameumber, the nasdaq down almost nine. big board volume today picking up. gold moving higher, up 670, closing at 161130. crude oil dropping a dollar 58 to 9216 per barrel. the bond market and interest rates...
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Mar 18, 2013
03/13
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. >> neil: at it time for our latest edition of "they say, we check." >> year going to mapping our way through this by identifying the lowe's risk detainees and putting them into alternative -- >> sorry, janet, not true. we checked on that. >> several hundred related to sequester but not thousands. >> neil: also not tr
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe?...
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Mar 22, 2013
03/13
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for instance, taxes, speaker boehner says no more tax increase after the 600 billion tax increase the president at the end of the year got. he said absolutely no. are the republicans going to have to give on the taxes? >> well, i think it depends on what happens. i personally don't believe that we are undertaxed. i mean, you look at this economy right now, between regulation and taxes, this economy is a mess. and you compare this economy to exactly the same cycle of reagan's presidency getting 5, 6, 7, 8% growth a quarter. i mean-- >> so are you saying that the republicans, that should be a line in the sand for republicans, no tax increase. >> i think they should be more aggressively future oriented. what do we need to do to fix the regulations and the health system. obamacare, government-run bureaucratic health is going to collapse. every time you turn around, someone in this country, amazing, one program in the department of health and human services they think that 65% of the money loaning will be gone, never repaid. this is like solyndra on steroids except in the health field. eve
for instance, taxes, speaker boehner says no more tax increase after the 600 billion tax increase the president at the end of the year got. he said absolutely no. are the republicans going to have to give on the taxes? >> well, i think it depends on what happens. i personally don't believe that we are undertaxed. i mean, you look at this economy right now, between regulation and taxes, this economy is a mess. and you compare this economy to exactly the same cycle of reagan's presidency...
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Mar 21, 2013
03/13
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what he did was cut taxes on working people, 90 percent of the public did not pay any taxes. the 2% the did. lou: to drop their rates from 15, under 1 percent as a percentage of the revenue income revenue. 1924, immigration act. people don't realize he did a lot to bring out what we refer to now has diversity. he waseaching out to immigrants from all quarters, minority groups of all kinds. >> he also signed in at the main gate of american citizens. they could vote. way ahead on civil rights, proposing federal anti lynching loss. he spoke out to irish groups, jewish groups while at the same time that that evidence should be made american which is something that is clearly missing from our immigration debate. lou: the idea of going from melting pot to a cultural selig we never quite bring everybody together. that's like to ba very big issue. let me get your thoughts. are we going to see comprehensive immigration reform? >> i think not. when people see the price tag, the need to understa that -- well, coolidge understood. i'm engaged to marry an immigrant. nothing against immigr
what he did was cut taxes on working people, 90 percent of the public did not pay any taxes. the 2% the did. lou: to drop their rates from 15, under 1 percent as a percentage of the revenue income revenue. 1924, immigration act. people don't realize he did a lot to bring out what we refer to now has diversity. he waseaching out to immigrants from all quarters, minority groups of all kinds. >> he also signed in at the main gate of american citizens. they could vote. way ahead on civil...
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Mar 19, 2013
03/13
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you tonight, wall street shrugging off a botched european union bailout of banks and an unprecedented tax on the deposits in cyprus, a tiny nation of 1.1 million people that will cost investors hundreds of billions of dollars in market capitalization. the dow jones industrial average down more than 100 points earlier but rebounded losing a modest 62 points. the s&p fell nine, the nasdaq down 11 and a half. the market off of the lows of the day. officials revising the imprudent and unreasonable plan to seize money from bank depositors to pay for the eu bailout. much damage has been done and some investors are so shaken, they will take their money out of the banks at their first opportunity, which is now thursday morning. international monetary fund and central bank are embarrassed, which doesn't solve the insolvency problem. negotiators around 150 nations from new york city trying to negotiate a binding treaty that would end unregulated arms sales. the arms trade treaty president obama now says he supports. thnational rifle association promises to strongly oppose that treaty saying it will
you tonight, wall street shrugging off a botched european union bailout of banks and an unprecedented tax on the deposits in cyprus, a tiny nation of 1.1 million people that will cost investors hundreds of billions of dollars in market capitalization. the dow jones industrial average down more than 100 points earlier but rebounded losing a modest 62 points. the s&p fell nine, the nasdaq down 11 and a half. the market off of the lows of the day. officials revising the imprudent and...
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Mar 25, 2013
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you were at a planned parenthood clinic and a lot of tax dollars go there. what i want to know, do you feel your job was to hear their story and mahave them make a decision or sell them on the abortion. >> it was to sell them on the abortion. 98% of women who walk into planned parenthood clinic will have an abortion. they doesn't provide prenatal care-- >> we're told it's all about mammograms, blood tests and prenatal care. you're telling me that planned par parenthood is an abortion clinic. >> we performed abortions on young girls as young as ten years old. >> oh, ten? and their parents approved of this. >> yes. and you know, many times we know that studies show that 70% of women choosing abortion feel coerced or pressured into having that abortion. and i would say that that mainly comes from the clinic staff who are really pressuring them to abort. >> mike: are people at abortion clinics paid by the number of abortions? do they get an hourly wage, but the doctor makes more money if you put more bodies through the-- no, it all goes in his pocket. you're jus
you were at a planned parenthood clinic and a lot of tax dollars go there. what i want to know, do you feel your job was to hear their story and mahave them make a decision or sell them on the abortion. >> it was to sell them on the abortion. 98% of women who walk into planned parenthood clinic will have an abortion. they doesn't provide prenatal care-- >> we're told it's all about mammograms, blood tests and prenatal care. you're telling me that planned par parenthood is an...
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Mar 19, 2013
03/13
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they paid their tax in full and on time legally, but now the state wants back taxes interest and penalties for five years. >> this notice was the first i heard of it. >> to brian overstreet it felt like a punch in the gut, compliments of california, a six-figure bill for back taxes. >> that is what is moat owes rage just about this situation. it is five-year look back and interest on money you had no idea you even owed. >> overstreet and hundreds like him got a letter from the state, due to a court ruling a 50% tax break for small business and startup investors was no longer available. anyone who claimed it in the last five years had to pay up. >> retroactivity is issue of fairness and credibility for california. >> even california's tax leaders say what the state is it doing is unfair, overreacting and overreaching, hoping to claw back some $120 million for cash-strapped california. >> problem right now we have what is the revenue is identified those folks up in sacramento will figure out how to spend it already. >> pro-business lawmakers are trying to rescind the letter, fearing high-tec
they paid their tax in full and on time legally, but now the state wants back taxes interest and penalties for five years. >> this notice was the first i heard of it. >> to brian overstreet it felt like a punch in the gut, compliments of california, a six-figure bill for back taxes. >> that is what is moat owes rage just about this situation. it is five-year look back and interest on money you had no idea you even owed. >> overstreet and hundreds like him got a letter...
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Mar 20, 2013
03/13
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they have tens of billions of tax losses they shld be able to write off and they claim that is paying us back. gerri: that is cheating. >> it absolutely is. the sad thing is, it is allowed under accounting rules as an asset, certainly other banks it is not simply, think it is horrible policy. gerri: is is our money at the end of the day. they should have to repay it, if i owed the government that much money, believe me, i would be forced to repay every single dime. i would be in jail. what is interesting is there are lot of attorney general's calling for him to leave offe. take a look at these names. the list goes on and on. there is a lot of anti-ed demarco effort out there. will they be successful? >> personally i find this kind of offensive. they put together a settlement that got more money for state governments that actually got foreclosed borrowers. many have been at the forefront of trying to stop the housing market from clearing, stop trying legitimate foreclosures and broad moratorium so this hasn't been about helping them leave. they have been on willingto let fannie and fre
they have tens of billions of tax losses they shld be able to write off and they claim that is paying us back. gerri: that is cheating. >> it absolutely is. the sad thing is, it is allowed under accounting rules as an asset, certainly other banks it is not simply, think it is horrible policy. gerri: is is our money at the end of the day. they should have to repay it, if i owed the government that much money, believe me, i would be forced to repay every single dime. i would be in jail....
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Mar 20, 2013
03/13
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is it going to be vaccines for children or is it going to be tax breaks for wealthy insurance companies? and i think that americans are not, you know, they're for balancing the budget, perhaps, but they're not for cutting programs that are really going to help the middle class and those who aspire to it. >> it will be interesting to see. balancing the budget is so popular with all the focus groups. but you're attempting to show what it really would mean literally. congressman jan schakowsky, thank you for joining us. >> thank you. >> up next, chuck joins us again from jerusalem for a deep dive into the millions of dollars the u.s. is spending on israel's state of the art air defense system. >> reporter: i'm not sure how many rockets are being fired now. but the iron dome one, two, three, 4 iron dome rockets are exploding. >>> nbc's resident iron dome expert and probably the best script writer at the network, martin fletcher will join chuck. [ female announcer ] birdhouse plans. nacho pans. glass on floors. daily chores. for the little mishaps you feel use neosporin to help you heal. it
is it going to be vaccines for children or is it going to be tax breaks for wealthy insurance companies? and i think that americans are not, you know, they're for balancing the budget, perhaps, but they're not for cutting programs that are really going to help the middle class and those who aspire to it. >> it will be interesting to see. balancing the budget is so popular with all the focus groups. but you're attempting to show what it really would mean literally. congressman jan...
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Mar 18, 2013
03/13
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>> warren buffett pays corporate taxes. >> he himself says he is paying less taxes than his secretary. >> when you look at that and the portrait of the own tax liability. fair enough. >> you take that case up with warren buffett. that's what he is saying. and when you look at sort of where corporate america is sort of profiting and american middle class wages are stagnant, you can't look at this and say that's fair. >> i agree. high corporate profits are a problem. regulation exacerbate that's problem and limits at built of startups to take on the companies. that's why even in mexico taker taking on the version of warren buffett for the very good reason that's the way you get jobs and growth by having more entrepreneurship and more growth and high corporate tax that are biassed towards the ges and buffets of the world is a burden. >> it's a weird argument to say we need more regulation when corporates a corporations are sitting on record profits. >> that happens to be true. >> gentlemen, thank you both very much. still "out front," new revelations about the teenage wloer killed 26 peo
>> warren buffett pays corporate taxes. >> he himself says he is paying less taxes than his secretary. >> when you look at that and the portrait of the own tax liability. fair enough. >> you take that case up with warren buffett. that's what he is saying. and when you look at sort of where corporate america is sort of profiting and american middle class wages are stagnant, you can't look at this and say that's fair. >> i agree. high corporate profits are a problem....
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Mar 18, 2013
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it is tax time. melissa: it is tax time. it is always tax time. lori: they're probably going up. the corporations are feeling the burden as you so eloquently explained to us and so are you the consumer, mom-and-pop. 6 trillion hours, that is how many hours americans will spend trying to comply with the tax code in an effort to file their individual returns. with four weeks to go until taxes are due, our own cheryl casone is looking at the tax pain in a special week-long series. the focus is how the wealthier handle filing fees. a lot more rules. >> who better to ask, right, what are wealthy americans doing? what are small businesses doing to combat with, not just filing in 2012, there will be a few changes but what will you do for 2013. how will you structure what you're paying and not paying now? what deductions are you looking at that will take effect next year that save you on the tax bill? that is crucial. we wanted to go to experts to find out what the wealthy are doing. we had scott hodge from the tax foundation, talking about this exact issue. one of the things in research
it is tax time. melissa: it is tax time. it is always tax time. lori: they're probably going up. the corporations are feeling the burden as you so eloquently explained to us and so are you the consumer, mom-and-pop. 6 trillion hours, that is how many hours americans will spend trying to comply with the tax code in an effort to file their individual returns. with four weeks to go until taxes are due, our own cheryl casone is looking at the tax pain in a special week-long series. the focus is how...
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Mar 21, 2013
03/13
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if you're going to tax me 10% i'll take my money out. trust me. >> greta: most think that will never happen here, we don't need to feel like that, but you know, in these very sort of perilous financial times, anything is possible, i suppose. >> in this day and age, you know it is. and when people get their backs against the wall, i ran against the bailouts and now they didn't work the first time and now they need them in europe and you know, saying, we're going to take people's money and go in and tax 10 to 15% of your hard earned money and that's why we brought the resolution to the floor and i asked 30 people yesterday to co-sign it. first 23 signed and seven said send me the information. >> who are the three that need more information. do you out them? >> no, i think the-- i probably would have been one, normally if somebody asks me to sign something on the floor, send it to my staff and let me read it. >> is it bipartisan, any democrats. >> not yet, but i've talked to a few democrats, but i walked down the republican side of the peop
if you're going to tax me 10% i'll take my money out. trust me. >> greta: most think that will never happen here, we don't need to feel like that, but you know, in these very sort of perilous financial times, anything is possible, i suppose. >> in this day and age, you know it is. and when people get their backs against the wall, i ran against the bailouts and now they didn't work the first time and now they need them in europe and you know, saying, we're going to take people's...
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Mar 23, 2013
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. [ dog ] we found it together.upbeat ] on a walk, walk, walk. love to walk. yeah, we found that wonderful thing. and you smiled. and threw it. and i decided i would never, ever leave it anywhere. because that wonderful, bouncy, roll-arod thing... had made you play. and that... had made you smile. [ announcer ] beneful. play. it's good for you. hmm, we need a new game. ♪ that'll save the day. ♪ so will bounty select-a-size. it's the smaller powerful sheet. the only one with trap + lock technology. look! one select-a-size sheet of bounty is 50% more absorbent than a full size sheet of the leading ordinary brand. use less. with the small but powerful picker upper, bounty select-a-size.
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. [ dog ] we found it together.upbeat ] on a walk, walk, walk. love to walk. yeah, we found that wonderful thing. and you smiled. and threw it. and i decided i would...
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Mar 22, 2013
03/13
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lower taxes on rich people, not lower taxes for everybody, right? they don't like taxes, but letting the payroll tax cut expire was in fact their policy. lower taxes in general. lower taxes on richer wealthier americans. cutting social programs. entitlements they go back and forth. medicare they go back and forth. you remember mitt romney and paul ryan ran in the election as they were going to stop the democrats terrible intention to cut medicare, then paul ryan got back into the house and writing a budget he kept all those cuts and added new ones and had more added into this is program. the real shock in recent weeks or real frustration trying to covers the budget debates. republicans cover five issues, they want to cut the budget deficits and cut defense spending and simplify the tax code and lower tax rates. in a deal with president obama they could get the first four, more deficit reduction, protect defense, the democratic president would get some cover in cutting medicare and social security and they could simplify the tax code by taking out ex
lower taxes on rich people, not lower taxes for everybody, right? they don't like taxes, but letting the payroll tax cut expire was in fact their policy. lower taxes in general. lower taxes on richer wealthier americans. cutting social programs. entitlements they go back and forth. medicare they go back and forth. you remember mitt romney and paul ryan ran in the election as they were going to stop the democrats terrible intention to cut medicare, then paul ryan got back into the house and...
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Mar 18, 2013
03/13
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FBC
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk inclus possible loss of principal. ...amea... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. that was the only thing left of the house. the only thing. red cross helped us and t
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk inclus possible loss of principal. ...amea... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta...
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Mar 18, 2013
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but the savings tax. essentially, a 6.75% tax on $131,000 and below. you get the picture. if you have $131,000 in the bank right now, and this thing gets approved tomorrow, if that happens, they would come in and take about $9,000 out of your account. even more if you have more. now, the plan is if you do this, you get shares of the bank, and then, jake, when everything gets fixed, theoretically, you get your money back and maybe some more. >> tom, you said cypriots. i said cyprus. >> we'll settle that later. >> thank you so much. >>> also leading money news, how bad are things for the ironically named carnival cruise lines? pretty bad. the company's latest troubled ship made it back to port without the toilets acting up, and that was the good news. the carnival legend arrived in tampa yesterday. passengers had a skip a stop in grand cayman and got a $100 refund. not a big deal, but the latest of pr icebergs for this company. here's the real doozy. when the cruise line gets in trouble, it's you who ends up getting soaked. "the lead's" erin mcpike is here with more. how is
but the savings tax. essentially, a 6.75% tax on $131,000 and below. you get the picture. if you have $131,000 in the bank right now, and this thing gets approved tomorrow, if that happens, they would come in and take about $9,000 out of your account. even more if you have more. now, the plan is if you do this, you get shares of the bank, and then, jake, when everything gets fixed, theoretically, you get your money back and maybe some more. >> tom, you said cypriots. i said cyprus....
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Mar 20, 2013
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you don't know and you shouldn't know because it was about taxes. >> of course it was about taxes. unregulated capitalism. >> bill: unbelievable the correlations between what was happening in galilee and what the romans were doing to the jews back when jesus was walking around and what's happening now. i'm just going to give you a heads up. that this is coming. and the taxation was so onerous on the folks. for a totally different reason, i will concede. that the romans were venal. >> thank you. >> bill: they wanted this money to build their terms and to live a crazy lifestyle. but it was philosophically the same kind of government intrusion that we the people of america have no right to private property. and that's what castro does. chavez does. and that's where these congressional caucus people are headed. >> do you read the fox news version of the bible? come on, man. jesus turned over tables in the temple. he was worried about profit making. excessive wealth gathering. >> bill: i will deal with that hill, you know what you? are not accurate in what you just said. i'm not going t
you don't know and you shouldn't know because it was about taxes. >> of course it was about taxes. unregulated capitalism. >> bill: unbelievable the correlations between what was happening in galilee and what the romans were doing to the jews back when jesus was walking around and what's happening now. i'm just going to give you a heads up. that this is coming. and the taxation was so onerous on the folks. for a totally different reason, i will concede. that the romans were venal....